Nonprofit · EIN 54-1491547
HOME BUILDERS ASSOCIATION OF VIRGINIA EDUCATIONAL FOUNDATION
Tax-exempt · RICHMOND, VA 23219
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-EZ | $92,426 | $43,948 | $48,478 | $477,150 | $10,000 | $467,150 |
| December 31, 2023 | 990-EZ | $62,306 | $25,277 | $37,029 | $389,861 | – | $389,861 |
Financial details: 990-EZ for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $60,358
- Investment income
- $8,863
- Net gain from sales of assets
- $23,205
Expenses
- Grants and similar amounts paid
- $26,540
- Compensation of officers, directors and key employees
- $0
- Professional fees and payments to contractors
- $14,600
- Other expenses
- $2,808
- Program services (functional)
- $26,540
Balance sheet and other
- Total assets, start of year
- $389,860
- Total assets, end of year
- $477,150
- Total liabilities, end of year
- $10,000
- Net assets, end of year
- $467,150
- Cash, savings and investments
- $477,150
- Gross receipts
- $168,185
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-EZ for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CRAIG TOALSON | SECRETARY/TR | 4 | $0 |
| SCOTT HINE | CHAIR | 1 | $0 |
| JUSTIN BOYLE | VICE-CHAIR | 1 | $0 |
| ALICIA SMITH | TRUSTEE | 1 | $0 |
| HANS KLINGER | TRUSTEE | 1 | $0 |
| MIKE SANDKUHLER | TRUSTEE | 1 | $0 |
| BRADLEY BRYANT | TRUSTEE | 1 | $0 |
990-EZ for the year ended December 31, 2023: 16 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| CRAIG TOALSON | SECRETARY/TR | 4 | $180,500 | $29,039 |
| SCOTT HINE | CHAIR | 1 | $0 | – |
| JUSTIN BOYLE | VICE-CHAIR | 1 | $0 | – |
| JOHN AINSLIE | HBAV PRESIDE | 1 | $0 | – |
| BRIAN DAVIDSON | TRUSTEE | 1 | $0 | – |
| NATHAN TRICE | TRUSTEE | 1 | $0 | – |
| FRANK BALLIF | TRUSTEE | 1 | $0 | – |
| BUTCH JEFFERSON | TRUSTEE | 1 | $0 | – |
| JEH HICKS | TRUSTEE | 1 | $0 | – |
| ALICIA COX SKOUG | TRUSTEE | 1 | $0 | – |
| BRIAN MCLELLON | TRUSTEE | 1 | $0 | – |
| KEVIN MCNULTY | TRUSTEE | 1 | $0 | – |
| ALICIA SMITH | TRUSTEE | 1 | $0 | – |
| ZACK SNELL | TRUSTEE | 1 | $0 | – |
| LARRY MURPHY | TRUSTEE | 1 | $0 | – |
| JACKIE BATES | TRUSTEE | 1 | $0 | – |
Address and contacts
- Address (IRS master file)
- 1051 E CARY ST STE 1400, RICHMOND, VA 23219-4045
- In care of
- % J B HALL JR
- Mailing address (990-N for 2007)
- 707 East Franklin Street, Richmond VA 23219
- Principal officer (990-N for 2007)
- Michael Toalson, 707 East Franklin Street, Richmond VA 23219
- Signed the 990-EZ
- CRAIG TOALSON, SECRETARY/TREASURER
- Phone
- (804) 643-2797
- Return prepared by
- MEADOWS URQUHART ACREE & COOK LLP
Mission
THE PRIMARY OBJECTIVE OF THE HBAV EDUCATION FOUNDATION SHALL BE TO ADVANCE BUILDING INDUSTRY EDUCATION OPPORTUNITIES AND LABOR FORCE IN VIRGINIA. THE ORGANIZATION WILL WORK WITH LOCAL HBA'S, SCHOOL SYSTEMS IN VIRGINIA, COMMUNITY COLLEGES, UNIVERSITIES, AND OTHER SIMILAR INSTITUTIONS OF LEARNING BY PROVIDING GRANT FUNDING THAT WOULD WORK TOWARDS THE FOUNDATION'S OBJECTIVES. THE HBAV EDUCATION FOUNDATION MAY HOLD EDUCATIONAL SEMINARS THAT ALIGN WITH THE PRIMARY OBJECTIVE.
Program accomplishments
- THE ORGANIZATION WORKED WITH LOCAL HBA'S, SCHOOL SYSTEMS IN VIRGINIA,COMMUNITY COLLEGES, UNIVERSITIES, AND OTHER SIMILAR INSTITUTIONS OF LEARNING BY PROVIDING GRANT FUNDING THAT WORKS TOWARDS THE FOUNDATION'S OBJECTIVES.Expenses $26,540 · grants $26,540
- AWARDING SCHOLARSHIPS TO INDIVIDUALS, WHO ARE EITHER ENTERING OR ATTENDING COLLEGES, UNIVERSITIES, TECHNICAL SCHOOLS, COMMUNITY AND SIMILAR INSTITUTIONS OF LEARNING. THE APPLICANT HAS TO BE MAJORING IN COURSES RELATED TO THE BUILDING INDUSTRY.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 54-1491547
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 1990
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $477,150
- Income (IRS master file)
- $168,185
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2024 | $92,426 | $43,948 | $477,150 | XML |
| 990-EZ | December 2023 | $62,306 | $25,277 | $389,861 | XML |
| 990 | December 2022 | $5,198 | $15,761 | $329,179 | IRS |
| 990 | December 2021 | $20,133 | $30,743 | $416,082 | IRS |
| 990 | December 2020 | $23,810 | $4,361 | $378,136 | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
| 990-N for 2007 Officer: Michael Toalson | December 31, 2007 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 54-1491547).
Questions about HOME BUILDERS ASSOCIATION OF VIRGINIA EDUCATIONAL FOUNDATION
- What is the EIN of HOME BUILDERS ASSOCIATION OF VIRGINIA EDUCATIONAL FOUNDATION?
- The employer identification number (EIN) of HOME BUILDERS ASSOCIATION OF VIRGINIA EDUCATIONAL FOUNDATION is 54-1491547.
- Is HOME BUILDERS ASSOCIATION OF VIRGINIA EDUCATIONAL FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1990.
- Are donations to HOME BUILDERS ASSOCIATION OF VIRGINIA EDUCATIONAL FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does HOME BUILDERS ASSOCIATION OF VIRGINIA EDUCATIONAL FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of HOME BUILDERS ASSOCIATION OF VIRGINIA EDUCATIONAL FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did HOME BUILDERS ASSOCIATION OF VIRGINIA EDUCATIONAL FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
- Who is the principal officer of HOME BUILDERS ASSOCIATION OF VIRGINIA EDUCATIONAL FOUNDATION?
- The 990-N for 2007 names Michael Toalson.
- Who are the officers and directors of HOME BUILDERS ASSOCIATION OF VIRGINIA EDUCATIONAL FOUNDATION?
- The 990-EZ for the year ended December 31, 2024 lists 7 people; 0 received compensation from the organization.
- How much revenue does HOME BUILDERS ASSOCIATION OF VIRGINIA EDUCATIONAL FOUNDATION have?
- On its 990-EZ for the year ended December 31, 2024 it reported revenue of $92,426, expenses of $43,948 and total assets of $477,150 at year end.
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